What Is the Distribution of Lifetime Health Care Costs From Age 65?

Source: Anthony Webb and Natalia Zhivan, Center for Retirement Research at Boston College, Issue in Brief, IB#10-4, March 2010

The brief’s key findings are:
Health care costs loom as a major risk for retirees, with nursing home care as the real wild card.

A typical couple at age 65 can expect to spend over its remaining lifetime:
-$197,000 with a 5-percent risk of exceeding $311,000, excluding nursing home care; or
-$260,000 with a 5-percent risk of exceeding $570,000, including nursing home care.
Households need to figure out how to handle such risk.
See also:
Abstract
Working Paper

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